Quarterly report pursuant to Section 13 or 15(d)

EQUITY INVESMENTS (Tables)

v3.19.3
EQUITY INVESMENTS (Tables)
9 Months Ended
Sep. 30, 2019
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of equity method investments
Investments accounted for by the equity method consist of the following as of September 30, 2019 and December 31, 2018:
 
 
 
Carrying value
 
Loss (income) from equity method investments
 
Approximate ownership %
 
September 30, 2019
 
December 31, 2018
 
Three months ended September 30,
 
Nine months ended September 30,
 
 
 
 
2019
 
2018
 
2019
 
2018
 
 
 
(In thousands)
Investment in Tatex Thailand II, LLC
23.5
%
 
$

 
$

 
$

 
$
(137
)
 
$
(2,085
)
 
$
(241
)
Investment in Grizzly Oil Sands ULC
24.9999
%
 
49,546

 
44,259

 
41

 
275

 
380

 
833

Investment in Timber Wolf Terminals LLC(1)
%
 

 

 

 

 

 
536

Investment in Windsor Midstream LLC
22.5
%
 
39

 
39

 

 

 

 
(9
)
Investment in Mammoth Energy Services, Inc.
21.8
%
 
24,377

 
191,823

 
43,041

 
(12,996
)
 
166,096

 
(35,708
)
Investment in Strike Force Midstream LLC(2)
%
 

 

 

 

 

 
(693
)
 
 
 
$
73,962


$
236,121


$
43,082

 
$
(12,858
)
 
$
164,391

 
$
(35,282
)

(1)
On June 5, 2018, the Company received its final distribution from Timber Wolf Terminals LLC ("Timber Wolf"). See below under Timber Wolf Terminals LLC for information regarding the subsequent dissolution of Timber Wolf.
(2)
On May 1, 2018, the Company sold its 25% interest in Strike Force Midstream LLC ("Strike Force") to EQT Midstream Partners, LP. See below under Strike Force Midstream LLC for information regarding this transaction.

Schedule of equity investments - balance sheet
The tables below summarize financial information for the Company’s equity investments as of September 30, 2019 and December 31, 2018.
Summarized balance sheet information:
 
September 30, 2019
 
December 31, 2018
 
 
 
(In thousands)
Current assets
$
427,643

 
$
471,733

Noncurrent assets
$
1,309,729

 
$
1,302,488

Current liabilities
$
130,465

 
$
239,975

Noncurrent liabilities
$
176,145

 
$
94,575


Schedule of equity investments - income statement
Summarized results of operations:    
 
Three months ended September 30,
 
Nine months ended September 30,
 
2019
 
2018
 
2019
 
2018
 
(In thousands)
Gross revenue
$
113,417

 
$
384,043

 
$
557,375

 
$
1,451,580

Net (loss) income
$
(35,730
)
 
$
68,414

 
$
(15,046
)
 
$
181,884